‘0 PG -520 il Semester M.Com. Examination, June 2016 (CBCS) COMMERCE Paper ~ 2.5 : Operations Research and Quantitative Techniques Time : 3 Hours Max. Marks ; 70 Instruction : Answer toall the questions SECTION-A Answerany seven questions out of ten. Each question carriestwomatks. (7x2=14) 1. a) Define Probability 'b) What do you mean by random variables ? ©) Define Risk. 4d) What do you mean by burst event ? e) Define critical path £) List out software packages for LPP solutions. g) What is decision tree ? h) Define likely events, i) Detine operation research. |) State two differences of PERT and CPM, SECTION-B ‘Answerany four questions out of six. Each question carriesfive marks. _(45=20) 2. Write a short nate on risk analysis in capital budgeting, 3. Give the Mathematical representation of Transportation model. 4. Explain the different approaches of calculating the probabllty of an event. 5 Alot of 10 electronic components are known to include 3 defective parts. Ita 4 sample of components is selected at random from the lot i) Whatis the probability that this sample does not contain more than one defective ? ii) What is the probability that this sample will include at least one defective ? Pro.PG 520 2 6. Solve the following assignment problem in order to minimise the total cost, The cost matrix below gives the assignment cost when different operators are assignod to various machines. Operators, ion om wiv AD S BS & B38 Bw Machines ¢ | 9 27 2 2 2 Dis 2 92 7 2 Elaz » 0 m @ 7. ABC Co, is manufacturing two products X and Y. The production is limited to 80 units of product X and 60 units of product ¥ due to the limited supply of raw ‘material. Production of each of these products requires 6 units and 6 units of electronic components respectively. The electronic components are supplied by ‘another manufacturer and his process i.e, the labour hour's amount to 160 man- days. The production of 1 unit of product X requires 1 man day of labour and ‘unit product Y requires 2 man days of labour. Each unit of these products is sold in the market at the profit of Rs. 50 and Rs. 80 respectively. Determine how many units of each product the company should produce to maximize the profit. SECTION-C Answerany three questions out of five, Each question carriestwelvemarks. (3x12=36) 8. Explain the simplex procedure to solve the linear programming problem. 9. Describe the different decision Criteria, 10. Consider an item for which ‘Annual demand = 10,000 units Cost per unit = Rs, 5 Inventory carrying cost = 30% Standard deviation of demand per week = 10 units Ordering cost per order = Rs, 150 Average lead time = 4 weeks Maximum delay in lead time = 3 weeks Probability of delay = 0.30 Service level = 95% Determine the butter stock, reserve stock, safety stock and desirable maximum inventory level for this item.0 + PG-520 11. Solve the following LPP using Graphic Method. Maximise Z = 10x, + 5x, Subjectto 4x, +5x, 5x, + 2x, Hy HP =0 12, The following table gives data on normal time and cost and crash time and cost, {ora project. Activity Normal Crash Time (days) Cost (Rs.) Time(days) _Cost(Rs.) 12 6 600 4 1,000 138 4 600 2 2,000 24 5 500 3 1,500 25 3 0 1 650 34 6 900 4 2,000 46 8 800 4 3,000 56 4 400 2 4,000 67 3 450 2 800 The indirect cost per day is Rs, 100. €) Draw the network and identity the critical path, b) What are the normal project duration and associated cost ? ©) Crash the relevant activities systematically and determine the optimum project completion time and cost.(M0 PG-705 Il Semester M.Com. Examination, June 2015 (cBcs) COMMERCE Paper ~ 2.5 : Operations Research and Quantitative Techniques Time : 3 Hours Max. Marks : 70 Instruction: Answer toall the questions. SECTION-A 1. Answerany seven questions out often. Each question carriestwomarks. (7x2=14) a) What do you mean by Linear Programming ? ) Whats an equally ikely event ? ©) Whatis Degeneracy ? 4d) Define Cycling Error. ©) Whatis Probability? 4) What do you mean by earliest starting time ? 9) What is meant by Crashing ? h) What do you mean by Successor activity ? © }) Whatdo you mean by Butterinventories ? 1) Whatis Simulation? SECTION-B Answerany four questions out of six. Each question carriesfive marks, (4x5=20) 2, Whatare inventory models ? Enumerate the various types of inventory models. 8. Explain Branch and Bound technique for feasible solution. 4. Give the mathematical representation of the assignment model, PTO.PG - 705 a ‘MA 5, A computer centre has brought 3 expert programmers. The centre needs 3 application programmes to be developed. The head of the computer centre, after studying carefully the programmes to be developed, estimates in a computer time (in minutes) required by the experts to the application programmes as folows ora ae opsnten ara essa coll pga 2 an | te] These to 20 | ‘Assign programmers to the programmes in such a way that the tolal computer time is least and compare the result with all other possible combinations, 16. A factory requires 1500 units of an item per month, each costing Rs. 27. The cost per order is Fis. 150 and the inventory carrying charges working out to 20 percent of the average inventory. Find the economic order quantiy and the number of orders per year, Would you accept a 2 percent discount on a minimum supply quantity of 1200 units ? Compare the tata costs in both the cases 7. Asample of 100 dry battery colls tested to find the length of life produced the following results : Mean = 12 hours, S.D =3 hours, ‘Assuming the data to be normally distributed, what percentage of battéry cells are expected to have life 1) More than 15 hours ii) Less than 6 hours il) Between 10.and 14 hours. SECTION-C Answer any three questions out of five. Each question carries twelve marks. (31236) 8. Describe the steps involved in the process of decision making 9, Solve the following LPP using Graphic Method : Minimise Z= 40x, + 24% Subjectto 20x, + 50%, >= 4800 80x, + 50x, >= 7200 Xqs Hp >= 0» AN + PG - 705 10. With the help of quantity cost curve explain the significance of EOQ. What are the limitations of using the formula for an COQ? 111. The following table gives data on normal time and cost and crash time and cost fora project. ‘activity Normal Crash Time (days) Cost (Ra) Time (days) Cost (Rs) _ 12 6 1400 ara 1900 13 a 2000 5 2800 23 4 1100 2 1500 24 a 200 2 1400 34 Dummy “ i z 35 6 900 3 1800 48 10 500 6 3500 56 3 500 2 800 The indirect cost per day is Rs. 300. 4) Draw the network and identity the critical path. ) Whatare the normal project duration and associated cost ? ) Crash the relevant activities systematically and determine the optimum project completion time and cost. 12, Find the minimum transportation cost source | dt | o2 | Ds | D4 | 0s | Avaliable st ay zo lms aaa 2 4 2 Fa eel ee |e ee 7 33 pmleom ears ae ® o By Elharwerdic tae Linc, 2 Requiremen| 8 | 3 | 7 | 2 | 2